Hello everyone.
I’m new here. I’ve taken the first steps to start my FBA selling journey, and I’m looking for any tips and tricks that you wish you knew at the beginning of your journey.
Anything to avoid, anything you wish you knew earlier etc.
I’m not looking to hire a mentor right now so please no course sellers or private coaching offers.
I’m almost a year in, and I’ve only recently started to feel like I’m actually beginning to understand it. It’s full-on, and knowledge is key. Learn Keepa, learn it inside out and back to front and ask your Copilot (on your laptop) everything. Don’t judge the current Buy Box price based on your cost of goods; look at the price history rather than the Buy Box. Start shallow and watch your margins. Good luck.
Product research is absolutely crucial. You need solid demand, enough room to get a foothold, and at least 30% profit margin after all the fees, otherwise you’ll be absolutely knackered.
Don’t go mad on your first order. Stick to 300–500 units max, and get a third-party inspector to check them, it’ll save you a fortune in headaches later.
Make sure you work out the real costs properly, storage, PPC, returns, the latest price hikes, all of it.
I would say patience and consistency are key with Amazon FBA. It’s not a get-rich-quick scheme, and there are a lot of setbacks and frustrations, but if you can push through them, it can be a great business model. When buying, always check that you can sell and list the item first, and don’t buy too many. Learn how to read and understand the historical sales.